Reference
·Supporting source
Thai Banking Sector IT Security Spend Share
~10–15% of total IT budget
Thailand's major commercial banks — SCB, Kasikornbank (KBank), Bangkok Bank, Krungthai Bank, and TMBThanachart — collectively allocate an estimated 10–15% of their annual IT budgets to cybersecurity, consistent with Bank of Thailand supervisory expectations under its IT Risk Management Guidelines (updated 2023). With aggregate IT spending across the top-five banks running in the tens of billions of baht, the cybersecurity sub-segment represents a material and growing procurement channel. BoT's 2023 cyber-resilience circular mandated zero-trust architecture roadmaps and annual red-team exercises for licensed financial institutions.
Figure in context
Thailand's major commercial banks — SCB, Kasikornbank (KBank), Bangkok Bank, Krungthai Bank, and TMBThanachart — collectively allocate an estimated 10–15% of their annual IT budgets to cybersecurity, consistent with Bank of Thailand supervisory expectations under its IT Risk Management Guidelines (updated 2023). With aggregate IT spending across the top-five banks running in the tens of billions of baht, the cybersecurity sub-segment represents a material and growing procurement channel. BoT's 2023 cyber-resilience circular mandated zero-trust architecture roadmaps and annual red-team exercises for licensed financial institutions.
Thailand's major commercial banks — SCB, Kasikornbank (KBank), Bangkok Bank, Krungthai Bank, and TMBThanachart — collectively allocate an estimated 10–15% of their annual IT budgets to cybersecurity, consistent with Bank of Thailand supervisory expectations under its IT Risk Management Guidelines (updated 2023). With aggregate IT spending across the top-five banks running in the tens of billions of baht, the cybersecurity sub-segment represents a material and growing procurement channel. BoT's 2023 cyber-resilience circular mandated zero-trust architecture roadmaps and annual red-team exercises for licensed financial institutions.
Time scope
2023–2024
Source basis
Supporting source
Interpretation notes
What this tells you
Thailand's major commercial banks — SCB, Kasikornbank (KBank), Bangkok Bank, Krungthai Bank, and TMBThanachart — collectively allocate an estimated 10–15% of their annual IT budgets to cybersecurity, consistent with Bank of Thailand supervisory expectations under its IT Risk Management Guidelines (updated 2023). With aggregate IT spending across the top-five banks running in the tens of billions of baht, the cybersecurity sub-segment represents a material and growing procurement channel. BoT's 2023 cyber-resilience circular mandated zero-trust architecture roadmaps and annual red-team exercises for licensed financial institutions.
What not to do with it
Use the linked report for interpretation and keep basis differences explicit.
Related figures
Adjacent numbers that add context without drowning the value.
Thailand Cybersecurity Market Size
NCSA Thailand, IDC ASEAN, Gartner Southeast Asia
NCSA Thailand Annual Operating Budget
NCSA Annual Report, MDES Budget Statement, Royal Gazette
PDPA Maximum Civil Fine Per Violation
PDPA Act B.E. 2562, PDPC enforcement notices, Royal Gazette
Thailand Reported Cyber Incidents (NCSA-tracked)
NCSA Annual Cybersecurity Report, PDPC breach notifications
Report context
Atlas actors in this figure's reports
Profiles covered in the report that cite this number.